Preferred equity where the Issuer is obliged to redeem the security on specific date at a pre-agreed price. This class of stock often has warrants accompanying the stock which enable the Investor to exercise into common shares that represents a shareholding in the Issuer equal to the redeemable stock and which are exercisable for a nominal amount. Term is pertinent only to equity offerings.
« Back to Glossary IndexRedeemable Preferred Stock
by bsmith@carofin.com | Mar 8, 2019
